SG Americas Securities LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,545 shares of the company's stock, valued at approximately $786,000.
Several other institutional investors and hedge funds also recently made changes to their positions in YETI. Capital World Investors increased its holdings in shares of YETI by 23.4% during the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company's stock worth $435,865,000 after purchasing an additional 1,376,536 shares during the period. Loomis Sayles & Co. L P bought a new stake in YETI in the second quarter valued at about $40,350,000. Van Berkom & Associates Inc. bought a new stake in YETI in the second quarter valued at about $36,772,000. Capital International Investors increased its stake in YETI by 67.3% in the first quarter. Capital International Investors now owns 1,795,128 shares of the company's stock valued at $107,672,000 after acquiring an additional 721,816 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in YETI in the first quarter valued at about $33,133,000. Institutional investors own 94.24% of the company's stock.
Get YETI alerts:Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Cowen cut shares of YETI from an "outperform" rating to a "market perform" rating and set a $47.00 target price on the stock. in a research note on Wednesday. Robert W. Baird lowered their target price on shares of YETI from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, November 11th. Cowen cut shares of YETI from an "outperform" rating to a "market perform" rating and set a $47.00 target price on the stock. in a research note on Wednesday. Piper Sandler upped their target price on shares of YETI from $48.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, November 11th. Finally, Raymond James upped their price objective on shares of YETI from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, November 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, YETI presently has a consensus rating of "Moderate Buy" and an average target price of $57.67.
YETI Price Performance
Shares of YETI stock opened at $42.93 on Friday. YETI Holdings, Inc. has a 1 year low of $27.86 and a 1 year high of $70.57. The firm's 50 day moving average is $42.81 and its 200-day moving average is $39.93. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.13 and a beta of 2.51. The company has a current ratio of 2.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14.YETI (NYSE:YETI – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. YETI had a net margin of 11.97% and a return on equity of 40.06%. The company had revenue of $433.56 million for the quarter, compared to analyst estimates of $417.76 million. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.21 EPS for the current fiscal year.
About YETI
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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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